Masdar signs deals for over 6GW of new Egyptian solar capacity, plus 4GW of manufacturing capacity

Facebook
Twitter
LinkedIn
Reddit
Email
The Masdar signing ceremony.
Masdar will look to build the world’s largest floating solar project in Egypt as part of the deal. Image: Masdar.

UAE state-owned power developer Masdar has signed a number of memoranda of understanding to develop new renewable power projects in Egypt, including over 6GW of new solar capacity, 4GW of new solar manufacturing capacity and 2GW of new battery manufacturing capacity.

At a signing ceremony in Egypt, attended by Egyptian prime minister Dr Mostafa Madbouly and UAE ambassador to Egypt Mariam Khalifa Al Kaabi, among others, the Egyptian government and Masdar agreed on a plethora of new renewable power projects, headlined by a new 3GW floating PV (FPV) project on Lake Nasser, which will be the largest FPV project in the world upon completion.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The news follows a number of announcements in the FPV sector, with China’s CHN Energy completing work at the world’s largest open sea floating project, which boasts a capacity of 1GW, last week. The same week, India’s Tata Power commissioned the country’s largest FPV project, with a capacity of 126MW.

Masdar also agreed to develop a 2GW solar project in Naga Hammadi, Upper Egypt, and signed memoranda of understanding for both projects with the Future of Egypt for Sustainable Development Authority, a body created by president Abdel Fattah El-Sisi. The authority has largely worked to turn the country’s large desert areas to usable land, most notably for the agricultural sector, and the latest round of deals will see Masdar add new solar capacity elsewhere in the Egyptian landscape.

The company plans to build two solar projects, a 900MW project at the Dakhla Oasis and a 300MW solar plant in Benban, both of which will be equipped with co-located storage projects. These projects will be built in the new UAE-Egypt industrial zone, an area covering 20 square kilometres in eastern Port Said, a port city on Egypt’s northern coast that borders the Suez Canal.

Masdar has also signed two power purchase agreements (PPAs) with Infinity Power, Hassan Allam Utilities and the Egyptian Electricity Transmission Company to acquire 1.2GW of solar capacity, alongside 720MWh of battery storage, although the company did not specify from which projects this power would be acquired.

Expanding manufacturing capacity

Masdar will also look to expand its manufacturing capacity with new factories in Egypt. The company signed a memorandum of understanding with the UAE’s Global South Utilities (GSU) and the Industrial Modernsation Centre (IMC), which operates under the Egyptian Ministry of Trade, to build two factories, one producing solar cells and the other solar modules, both with an annual production capacity of 2GW.

As part of this deal, Masdar will also look to build a 2GW battery manufacturing facility, and “explore” the possibility of building a second battery plant, although the company did not disclose the potential capacity of this facility.

“The growth of this sector is key to achieving the goals of the sustainable development plan, providing the needs of the local market, enhancing national exports, and supporting the national economy,” said Madbouly of the agreements signed, noting that the deals will contribute to Egypt’s Integrated Sustainable Energy Strategy, a plan for renewable power to account for 42% of the country’s energy mix by 2030, compared to just 12% in 2023, according to Ember.

“[The deals] also contribute to the development of clean energy infrastructure, and seek to provide effective solutions for energy storage that meet the needs of the local and regional markets, which contributes to enhancing sustainable development and achieving environmental and economic goals,” added Madbouly.

The deals are Masdar’s latest significant investment in overseas solar, following the Saudi Arabian government’s decision to award the 2GW Al Sadawi solar project to a consortium headed by Masdar earlier this week.

7 April 2026
Dubai World Trade Centre, UAE
Intersolar Middle East and Middle East Energy are coming together to present the mega energy event for the MENA region. From April 7–9, 2026, Dubai World Trade Centre will host Intersolar Middle East Exhibition and Conference alongside the 50th Middle East Energy. Intersolar Middle East focusses on the areas of photovoltaics, PV production technologies, and energy storage systems. The combined event expects to attract more than 45,000 trade visitors from around the world and feature 1,900+ exhibitors.

Read Next

October 15, 2025
Ciel & Terre has launched a new floating PV structure designed to address the increasingly large scale of floating solar projects.
October 14, 2025
German IPP wpd has started construction at its 140.6MW Marcy solar park in the Nièvre department of central France.
October 13, 2025
France’s Engie and the UAE’s Masdar have been chosen to jointly develop a 1.5GW PV power plant near Abu Dhabi.
Premium
October 13, 2025
Brett Beattie of Castillo Engineering looks at some of the key land grading work that can make multimillion-dollar differences to projects.
October 13, 2025
The world is on pace to exceed 3TW of cumulative solar installations by the end of the year, according to a report from DNV.
October 9, 2025
The Australian government has announced the results of the fourth Capacity Investment Scheme (CIS) tender, with 6.6GW of renewables awarded long-term contracts.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK